Impact Of Jewar Airport On Noida's Real Estate 

The first phase of Jewar Airport will be operational in 2024, which means this year, it will impact the neighbouring cities immensely, especially Noida. This mammoth project is situated at Noida-Greater Noida Expressway. The presumptions of big real estate giants and analysis of various real estate firms demonstrate that it will affect the real estate of Noida in the same way as IGI Airport did for Gurugram.

Let's Explore!

The Indira Gandhi International (IGI) Airport's impact on Gurgaon's property trends has been profound, reshaping the real estate landscape in several ways. Firstly, the airport's proximity has triggered a surge in property demand, driven by the allure of convenience for both business travellers and tourists. This increased demand has translated into heightened property values, making areas near the airport prime real estate.

How IGI Airport Shaped Gurgaon's Real Estate?

Connectivity: Moreover, the airport has significantly enhanced Gurgaon's connectivity, fostering easier access to other parts of the country. This improved connectivity has not only facilitated smoother commuting but has also spurred interest in city-center properties, further driving up demand.

More Jobs: The presence of the airport has attracted businesses, leading to job creation and opportunities within Gurgaon. This influx of economic activity has further fueled the demand for property, particularly in areas close to the airport.

Price Appreciation: As a result of these factors, property prices in Gurgaon have seen a steady rise, with the airport vicinity emerging as a hotspot for price appreciation. Experts anticipate a continued positive effect on the Gurgaon property market, especially with the anticipated expansion of the airport in the near future, which is likely to drive demand for property within the city further.

Given the success witnessed in Gurgaon, many speculate that similar benefits could be extended to Noida's real estate market. The potential for expansion in Noida's property market is supported by factors such as enhanced connectivity, infrastructural advancements, and the expected growth of the IT and service sectors.

The development of Noida's real estate market could mirror the trajectory seen in Gurgaon, with increased demand for hotels, apartments, and commercial projects. This growth would be underpinned by improved connectivity, which would make Noida an attractive location for businesses and residents alike.

How Jewar Airport Will Boost Noida's Real Estate?

Jewar airport is situated in the Gautam Buddh Nagar in Uttar Pradesh, the strategic location. Jewar Airport will significantly benefit the nearby towns and cities of Delhi. Jewar Airport will benefit Nearby Cities such as Noida, Greater Noida, Ghaziabad, and Faridabad.Even if these cities are already sufficiently developed and have numerous industries and commercial and residential activities, the boost it will give to Noida's economy will be phenomenal. 

For instance, if you are planning to invest in Noida Sector 142, it will benefit you a lot, and your money will grow exponentially; you might ask why. Sector 142 is a commercial sector surrounded by famous multinational companies and commercial buildings such as One Fng, Advant Navis, Ansal API Corporate Park, and a newly launched project by one of the most popular real estate developers Splendor group named, Splendor ONYX Blue. Sector 142 is one of the most popular commercial sectors that occurs on the way to Jewar Airport while travelling on the Noida-Greater Noida Expressway.

Overall Impact Of Jewar Airport On Noida's Real Estate In 2024

The presence of the Jewar International Airport near Noida is set to transform the region's real estate landscape. With improved connectivity, businesses, investors, and families are drawn to the area, driving demand for both commercial and residential properties.

The airport's strategic location is expected to attract both local and foreign investment, making it a focal point for economic activity in the National Capital Region (NCR). Multinational companies are likely to establish their presence nearby, leading to the creation of more job opportunities and supporting industries.

This influence of corporate activity will boost demand for office spaces, particularly in sectors near the airport's vicinity. Moreover, the development of the airport is fueling a surge in luxury housing demand, prompting developers to launch upscale projects with international standards and amenities.

Investors stand to benefit from capital appreciation as property values are expected to rise significantly with the completion of the airport. Additionally, property owners can capitalise on the region's growing rental market, catering to business travellers, tourists, and employees seeking convenient and well-maintained rental properties.

Conclusion

The Jewar International Airport's impending development promises economic growth, infrastructural enhancement, and improved connectivity, making Noida an attractive destination for real estate investment.